Emirates sets sights on benchmark-sized bond

Dubai: Emirates airline is likely to issue a benchmark-sized, US dollar bond this week after meeting with investors, a person familiar with the deal said Wednesday.

The initial price talk on the planned bond, set to mature in February 2025, is “$7yr MS+High-200s/300s”, the person, who declined to be identified, told Zawya Dow Jones.

Road shows end Wednesday and the bond is likely to be priced tomorrow, he added.

Lead managers include Citi, Deutsche Bank, Emirates NBD, J.P.Morgan, Morgan Stanley and Standard Chartered.